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WMT - Walmart Inc.

NYSE - NYSE Delayed Price. Currency in USD

103.18

+0.02 (+0.02%)

At close: 4:00PM EDT

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Previous Close	103.16
Open	103.11
Bid	102.85 x 1400
Ask	103.18 x 1000
Day's Range	102.89 - 103.80
52 Week Range	81.78 - 106.21
Volume	3,577,424
Avg. Volume	7,263,943

Market Cap	296.094B
Beta (3Y Monthly)	0.66
PE Ratio (TTM)	45.65
EPS (TTM)	2.26
Earnings Date	May 16, 2019
Forward Dividend & Yield	2.12 (2.17%)
Ex-Dividend Date	2019-05-09
1y Target Est	108.41

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Press Releases

CNBC Videos2 days ago
Tech IPO tax windfalls and terrible tax scammers! That's today's Rapid Fire with Bill Griffeth, Courtney Reagan, Robert Frank and Tyler Mathisen!
Tech IPO tax windfalls and terrible tax scammers! That's today's Rapid Fire with Bill Griffeth, Courtney Reagan, Robert Frank and guest anchor Tyler Mathisen!
Yahoo Finance Video2 days ago
Walmart partners with KidBox launching new subscription delivery apparel box for kids
Walmart is partnering with Kidbox, creating an online subscription service just for children's fashion. Is this a good move for the company? Yahoo Finance's Adam Shapiro and Julie Hyman discuss with the panel.
Associated Press5 hours ago
Food stamps and online grocery shopping are about to mix
Amazon and Walmart on Thursday kicked off a two-year government pilot program allowing low-income shoppers on government food assistance in New York to shop and pay for their groceries online for the first time. ShopRite will join the two retailers on the program early next week, said the U.S. Department of Agriculture, which oversees the Supplemental Nutrition Assistance Program, or SNAP. The USDA has long required customers using electronic benefits transfer, or EBT, pay for their purchases at the actual time and place of sale.
Reuters10 hours ago
U.S. pilot program allows online grocery shopping with food stamps
The U.S. Department of Agriculture on Thursday said it has launched a pilot program in New York that allows consumers dependant on food stamps to use them to buy groceries online, a move that is likely to boost sales at retailers like Walmart Inc and Amazon.com Inc. Both companies are participating in the initial pilot launch with Wakefern Food Corp's ShopRite supermarket chain expected to join the program early next week, the USDA said. Walmart will offer the service in upstate New York, while ShopRite and Amazon will service the New York City area.
Market Realist12 hours ago
Strong Retail Sales Could Keep the Recession Pundits at Bay
Global Economic Indicators Paint a Mixed PictureRetail sales According to the US Department of Commerce, US retail sales soared 1.6% in March compared to February, their highest pace of growth since September 2017. Another encouraging piece of news
Bloomberg12 hours ago
New Yorkers Can Now Use Food Stamps to Buy Groceries Online
Agriculture Secretary Sonny Perdue announced the start of a two-year pilot in New York testing online purchases of groceries by beneficiaries of the Supplemental Nutrition Assistance Program, known colloquially by its former name, food stamps. “People who receive SNAP benefits should have the opportunity to shop for food the same way more and more Americans shop for food -- by ordering and paying for groceries online,” Perdue said in the statement Thursday.
Market Realist15 hours ago
Will Target Stock Continue to Grow?
What’s Driving Target’s Impressive Stock Performance in 2019?(Continued from Prior Part)Margin headwinds could limit upsideWe believe Target’s (TGT) digital initiatives, including its expansion of online order fulfillments, coupled with its
Market Realist16 hours ago
What’s Driving Target’s Impressive Stock Performance in 2019?
What’s Driving Target’s Impressive Stock Performance in 2019?Growth driversShares of Target Corporation (TGT) have generated better returns than both Costco (COST) and Walmart (WMT) so far this year. Target stock is up 25.1% on a YTD
InvestorPlace18 hours ago
Kidbox Could Boost Revenue, but It Can’t Bolster Walmart Stock
Walmart's (NYSE:WMT) move into the online space continues. Its latest partnership includes an alliance with Kidbox. Kidbox's assortments will bring many upscale clothing brands into Walmart and expand its omnichannel presence. Walmart stock rose slightly higher on the news.Source: Shutterstock Still, investors should take a closer look at how much this will affect WMT stock. Even with the increase in online and upscale options, many of the same problems that have overshadowed the company remain.Once investors take a closer look at WMT overall, they will likely find that Walmart stock already prices in any boost the equity has received from its online and tech-related improvements.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Stocks to Buy for Spring Season Growth Walmart Quality ImprovesUnder terms of the agreement, Walmart and Kidbox will provide personal, stylized boxes. Each box will cost $48 and deliver four or five items chosen from more than 120 premium brands. This should make Walmart more active in the children's clothing business and will provide a way for parents to benefit from more exclusive brands at a lower cost.Walmart had long struggled with a reputation for selling more downscale items. The Kidbox partnership along with its Jetblack, its members-only personal shopping service, should help change this perception.Moreover, it has stepped up its competition with Amazon (NASDAQ:AMZN). Not only has Walmart expanded its online presence, but it has also begun to build an online-ad business on its ecommerce site. This has helped take the forward price-to-earnings (PE) ratio on Walmart stock to about 20.7. Has Walmart Changed?Still, investors have to wonder how much trying to beat Amazon at its own game will help Walmart. Yes, ecommerce sales for Walmart increased by 40% in 2018. However, omnichannel peers such as Target (NYSE:TGT) and Costco (NASDAQ:COST) have also seen massive online sales growth.Moreover, WMT management also mentions the word "eCommerce" 125 times in the 2018 annual report. Yet for all of this focus, they did not disclose a specific ecommerce revenue figure. One analyst estimated $20.91 billion in U.S. ecommerce sales. Whether or not that is exact, it shows that online sales still constitute a small fraction of the $514.4 billion of Walmart's revenue in the previous fiscal year.WMT has made strides with online and upscale product lines, and this has boosted Walmart stock. However, in other areas, Walmart remains little-changed. While ecommerce registered high-growth, revenues rose by only 2.8% in fiscal 2019. Hence, for all of the focus on online sales, most revenue still comes from its traditional stores. Overriding ConcernsMoreover, many of the complaints that dogged Walmart for decades remain. The company has begun to deploy robots to clean floors and scan shelves. This brings the focus back to working conditions at Walmart stores. It has also drawn the ire of labor advocates who believe this will destroy jobs.Furthermore, Walmart store expansion has slowed to almost a standstill. The company operates 11,766 stores worldwide, up from only 11,718 locations in 2018. This low growth level may make sense in the saturated U.S. market. However, it also speaks to the failure to export its retail strategy outside of North America.Holders of Walmart stock had held out hope for offshore successes in ecommerce. Walmart purchased Indian ecommerce company Flipkart last summer in hopes of a success overseas. However, changing government policies may have effectively dismantled that business. As a result, many have floated rumors of a market exit. The Bottom Line on Walmart stockThe Kidbox alliance could give a short-term boost to Walmart stock, but most of the company's long-time problems remain. Partnering with Kidbox stands as the latest step WMT has made in improving product quality. Moreover, its online venture and move into online ads show that Walmart can compete with Amazon.However, below the surface the Walmart known for labor issues and failure outside of North America intact. Store growth has come to a standstill, and the Flipkart venture appears headed for failure.Despite the optimism surrounding Kidbox, Walmart will probably see little long-term growth until it can succeed internationally.As of this writing, Will Healy did not hold a position in any of the aforementioned stocks. You can follow Will on Twitter at @HealyWriting. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks to Buy for Spring Season Growth * This Is How You Beat Back a Bear Market * 7 Dental Stocks to Buy That Will Make You Smile Compare Brokers The post Kidbox Could Boost Revenue, but It Can't Bolster Walmart Stock appeared first on InvestorPlace.
Bloomberg20 hours ago
In a Hot Jobs Market, Bosses Have to Train Their Low-Paid Staff
From hotels to fast food chains, employers in service industries are setting up training programs or revamping the ones they have. “If you’re in a relatively low-wage labor market in the service sector -- say Starbucks, Walmart, McDonald’s -- notice that they all have training programs now,’’ says Anthony Carnevale, director of the Georgetown University Center on Education and the Workforce.
Reuters23 hours ago
Amazon, facing entrenched rivals, says to shut China online store
SAN FRANCISCO/BEIJING/HONG KONG (Reuters) - Amazon.com Inc said it will shut its China online store by July 18, as the U.S. e-commerce giant focuses on the lucrative businesses of selling overseas goods and cloud services in the world's most populous nation. The move underscores how entrenched, home-grown e-commerce rivals have made it difficult for Amazon's marketplace to gain traction in China. Consumer research firm iResearch Global said Alibaba Group Holding's Tmall marketplace and JD.com controlled 82 percent of the Chinese e-commerce market last year.
Reutersyesterday
BRIEF-HSBC, Walmart Announce Roll-Out Of Sustainable Supply Chain Finance Programme
April 18 (Reuters) - Walmart Inc * HSBC, WALMART ANNOUNCED ROLL-OUT OF SUSTAINABLE SUPPLY CHAIN FINANCE PROGRAMME THAT PEGS SUPPLIER'S FINANCING RATE TO ITS SUSTAINABILITY PERFORMANCE Source text for Eikon: ...
Motley Foolyesterday
Is Walmart Gunning for Stitch Fix?
The world's largest retailer just announced it is wading into the subscription apparel business.
American City Business Journalsyesterday
Walmart spending tens of milions on Illinois store upgrades
The discount retailer is fully committed to providing state residents with an upgraded shopping experience.
American City Business Journalsyesterday
Kroger falls further behind Walmart on pricing, analyst says
Kroger Co.’s efforts to keep prices low have fallen short lately, at least when compared to Walmart, an analyst’s new study shows.
Market Realistyesterday
Is President Trump’s Trade Rhetoric Finally Yielding Results?
From Bear to Bull, Goldman Sachs Changes Its Stance(Continued from Prior Part)Trump’s trade rhetoric President Trump has taken a tough stance on trade. Last year, Trump went ahead with tariffs against China despite opposition from Apple (AAPL),
InvestorPlace2 days ago
The New Walmart Is a Winning Walmart, So Investors Should Buy Walmart Stock
The retail scene has changed dramatically over the past several years, thanks to technology. Some retailers haven't changed with it, so their stocks have either already made their way or are making their way to the graveyard. See Sears and J.C. Penney (NYSE:JCP).Source: Shutterstock Other retailers, though, have changed with the times, and those retailers are succeeding in today's new retail world, which is defined by digitization, personalization, and unprecedented convenience for customers. * 7 Stocks to Buy for Spring Season Growth The traditional retailer that has adapted best to the rapidly changing retail scene is Walmart (NYSE:WMT). That's why Walmart stock is up 50% over the past three years, broadly outpacing the S&P 500's 40% gain during that same stretch, despite the huge headwinds facing the retail industry.InvestorPlace - Stock Market News, Stock Advice & Trading TipsWMT's successful initiatives will enable Walmart stock to continue to outperform. In short, there was old Walmart, which was a really big retailer with old stores and low prices. Now there's new Walmart, which is still a really big retailer, but significantly more dynamic with fresher stores, a bigger digital presence, a robust omnichannel business, and much, much more. New Walmart is a winning Walmart. As long as new WMT continues to gain traction, Walmart stock will continue to rally.Right now, new WMT is still gaining traction. The retailer's latest innovation is a subscription-service partnership with KIDBOX that allows Walmart.com shoppers to order personalized, curated kids' clothing boxes up to six times a year for roughly $50 per box. It's a genius move that aligns Walmart with the personalization, curation, and subscription delivery trends that are becoming more prevalent in the retail world.The more genius moves like this that Walmart makes, the better Walmart's numbers will get, and the higher Walmart stock will go. It's that simple. And, if this dynamic plays out as expected, WMT stock should near $110 this year. New Walmart Is Winning And Boosting Walmart StockIn the big picture, there's old Walmart and new Walmart. Old Walmart is what Walmart was at the beginning of this decade - a huge brick-and-mortar retailer with low prices, old stores, a largely undifferentiated product mix, an essentially non-existent digital presence, and zero omnichannel capabilities.New Walmart is what WMT has turned into in recent years; it's still the world's largest retailer with low prices and a huge brick-and-mortar presence.But those brick-and-mortar stores have been given a much-needed facelift. WMT's product mix has become exceptionally differentiated through partnerships with brands like Lord & Taylor. Its digital business has become very big and is still growing very quickly (WMT's digital sales jumped 43% last quarter). Moreover, Walmart now has numerous omnichannel capabilities, including grocery pick-up and delivery.In other words, WMT has adapted as the retail world has dramatically changed during the course of this decade. These adaptations have kept WMT relevant in the retail world and actually allowed it to take share from other traditional retailers that didn't adapt. Consequently, Walmart has reported positive comparable sales growth in every quarter since the second quarter of 2015, a streak that is very rare among retailers.WMT will continue growing at healthy rates because new Walmart is a winning Walmart. Walmart is now successfully aligned with every positive trend in retail, from digital to subscriptions to personalization. As a result, its comparable-sales growth will continue to be positive for the foreseeable future, and this healthy growth will ultimately drive WMT stock meaningfully higher. The Valuation of WMT Stock Leaves Room for UpsideAt the present moment, the valuation of Walmart stock has room to expand as the company's operations continue to improve.Over the past several years, WMT has reported comparable-sales growth in the low-to-mid-single-digit-percentage range. Its comp sales should largely continue to grow at similar rates, driven by continued retail innovation, digital-business expansion, and, potentially, the growth of its digital-ad business. As a result, Walmart's top line should rise by low-to-mid-single-digit-percentage levels for the foreseeable future.The company's margins won't expand by a ton, but they should improve, as the company's relatively new India-based e-commerce unit, Flipkart, grows and its margins increase. Plus, if digital ads become a meaningful revenue source for WMT, they should push its margins higher. That's what's happening at Amazon (NASDAQ:AMZN).Putting all that together, WMT's earnings per share should reach roughly $7.50 by fiscal 2025. Based on a forward price-earnings multiple of 20, which is average for consumer-discretionary stocks, that implies a fiscal 2024 price target for WMT stock of $150. Discounted back by 8% per year (below my customary 10% discount rate to account for the 2% dividend yield of Wal Mart stock), that equates to a fiscal 2020 price target for WMT stock of $110. The Bottom Line on Walmart StockWalmart reinvented itself over the course of this decade and is arguably more relevant to consumers and the retail world than ever before. The benefits of this reinvention are far from over, and WMT stock remains on track to hit $110 in 2019.As of this writing, Luke Lango was long WMT and AMZN. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks to Buy for Spring Season Growth * This Is How You Beat Back a Bear Market * 7 Dental Stocks to Buy That Will Make You Smile Compare Brokers The post The New Walmart Is a Winning Walmart, So Investors Should Buy Walmart Stock appeared first on InvestorPlace.
InvestorPlace2 days ago
10 Best Stocks to Buy and Hold Forever
[Editor's note: This story was previously published in March 2019. It has since been updated and republished.]In a market environment that overwhelmingly encourages constant activity by investors who seemingly want to double their money every week, a discussion of stocks to buy and hold forever seems comically out of place.And yet, for better or worse, that's the mindset all of us should adopt for most of our investing capital. More often than not, the more you trade, the worse you end up doing.InvestorPlace - Stock Market News, Stock Advice & Trading TipsIt has been said (and verified) that 95% of true "day traders" -- the most aggressive and active of all market participants -- end up losing money by being too active for their own good. Conversely, the fact that Warren Buffett's favorite holding period is "forever" and how he's got a track record most investors would envy is just as telling. * 10 S&P 500 Stocks to Weather the Earnings Storm With that as the backdrop, here's a rundown of 10 stocks to buy and hold forever … or at least until something significant changes with your life plans or the companies themselves.Source: Shutterstock AT&T (T)Dividend Yield: 6.33% Year-to-date gain: 9.3%Calling a spade a spade, shares of telecom giant AT&T Inc. (NYSE:T) haven't been easy to own in a while. The stock is down 14% from its mid-2016 peak, while most other stocks are well up for the timeframe. The impasse has been an increasingly tougher wireless and broadband market. But now that plans to acquire media outfit Time Warner Inc (NYSE:TWX) look good a turnaround might have begun.If your intended timeframe really is "forever" though, a tough couple of years is nothing … particularly considering you're collecting a healthy dividend yield on your position's current value.More than that though, this is a telco name with a lot of clout, and a little more than $50 billion in the bank. And, if/when the Time Warner deal goes through, it will have yet another revenue-bearing weapon in its arsenal.Source: Shutterstock Alphabet (GOOGL, GOOG)Dividend Yield: N/A Year-to-date gain: 17.25%Fans and followers of the company will likely know that Google parent company Alphabet Inc (NASDAQ:GOOGL, NASDAQ:GOOG) beat last quarter's earnings estimate, posting $12.77 per share. What got lost in the shuffle is how operating margains fell to 21 % from last quarter's 24%. * 7 Stocks to Buy for Spring Season Growth Appreciated or not, Alphabet is a profit and revenue growth machine that has earned its spot on a list of "forever" stocks to buy. It may not always beat estimates, but it does always increase its numbers. That's because it keeps finding a way to serve as the middleman for about 70% of web searches done on desktops, and boasts being the preferred search engine for about 90% of the queries made via a mobile device.If it was going to be toppled, we'd see evidence of it by now.Source: Shutterstock 3M (MMM)Dividend Yield: 2.64% Year-to-date gain: 14.13%In an era where complicated companies are shedding disparate parts of themselves so each arm can be hyper-focused on doing one thing exceedingly well, 3M Co (NYSE:MMM) is something of an outlier. It offers everything from office supplies to healthcare products to the power transformers you see perched on top of power-line poles.It's wild mix that seems to work for 3M though, giving the company something to sell regardless of the economic environment.The clincher: 3M has managed to pay and increase its dividend every year going all the way back to 1977.Source: Shutterstock Walmart (WMT)Dividend Yield: 2.06% Year-to-date gain: 9.9%Yes, the advent of Amazon.com, Inc. (NASDAQ:AMZN) has proven problematic for the world's biggest retailer, Walmart Inc (NYSE:WMT). Rumors of Walmart's death at the hands of Amazon, however, have been greatly exaggerated.After being knocked over a few years ago, the company has regrouped, having figured out a way to fight the ever-growing reach of its online rival. The evidence? Last quarter's same-store sales grew 2.6%. Per-share profits missed estimates, to be clear, but much of that miss can be attributed to investments the retailer has been making in itself. * 7 Marijuana Companies: Which Pot Stocks Should You Buy? While it has been an ugly battle at times, Walmart has finally learned how to compete with Amazon.com. The fact that it can leverage its stores to do so only bolsters the bullish case. Southern Co (SO)Source: Shutterstock Dividend Yield: 4.74% Year-to-date gain: 19.6%No list of stocks to buy and hold forever would be complete without a utility stock. In good times and bad, consumers almost always pay their electricity bill. And, even though margins are thin and power providers don't have a ton of pricing power, they have little competition in most markets. Most requests for rate hikes are also approved without question.To that end, Southern Co (NYSE:SO) is one of the top picks of the litter.Southern serves nine million customers, mostly in the south, although it's represented in most of the major regions of the United States. More important, Southern Co has dished out stunningly consistent (even if tiny) profit growth, setting the stage for equally consistent dividends. It has not failed to increase its annual payout since the late 90's.Source: Shutterstock Johnson & Johnson (JNJ)Dividend Yield: 2.60% Year-to-date gain: 8.46%As advanced as we've become as a society, the need for medicines, surgical products and simple healthcare solutions like Band-Aids and Tylenol is never going to go away. That means Johnson & Johnson (NYSE:JNJ) -- which maintains a bigger product portfolio than most investors realize -- will always have something to sell to someone.That being said, don't think for a minute that a play on J&J is capitulation in the search for respectable growth. The company isn't just about treating tummy troubles and selling no-tears baby shampoo. * 7 AI Stocks to Watch with Strong Long-Term Narratives It still operates a pharmaceutical arm as well, with rheumatoid arthritis and Crohn's disease drug Remicade and blood-thinner Xarelto both driving more than $1 billion in annual sales for the company.Source: Shutterstock Berkshire Hathaway (BRK.B, BRK.A)Dividend Yield: N/A Year-to-date gain: 4.43%If the Warren Buffett mindset is the underlying philosophy in play here, why not go straight to the source and buy a piece of the fund he built from the ground up? That's Berkshire Hathaway Inc. (NYSE:BRK.B, NYSE:BRK.A).Sure, in his most recent letter to shareholders, the Oracle of Omaha said he's struggling to find new companies at a "sensible purchase price," which is the life-blood of the organization's growth. There's also the stark reality that the 87-year-old Buffett is increasingly less involved with Berkshire Hathaway. That separation is only going to widen as time marches on.Still, he has more than proven his way works for the long haul. Over the course of the past half-century, Berkshire stock has performed about twice as well as the S&P 500 has.Source: Shutterstock Waste Management (WM)Dividend Yield: 1.96% Year-to-date gain: 18%There's an old adage … the only two sure things in life are death and taxes.It's a humorous point about the limited nature of human life and the far-reaching power of the IRS. But, it's not necessarily a complete cliche. There's a third certainty. That is, as long as people are living on the planet earth, they'll be creating garbage to shuttle to their nearby landfill.Enter Waste Management, Inc. (NYSE:WM), which runs garbage-pickup services for 21 million North American customers. Although its top and bottom lines ebb and flow, the bigger trend for both is pointed upward. * 10 Dow Jones Stocks Holding the Blue Chip Index Back Look for more of the same too. As CEO Jim Fish pointed out late last month, "The babyboomers are coming into a period of heavy medical spend. All of our parents are aging and spending more on medical spend. There is medical waste generated from that, we are in that business. The industrial economy is important to us.Whether it's through repatriation from the new tax law, or just through the fact the U.S. and Canada are great places to do business and the industrial economy is showing some signs of life, we are a big industrial player on the back-end of the cycle."Source: Shutterstock American Water Works (AWK)Dividend Yield: 1.78% Year-to-date gain: 15.03%Perhaps just as certain as death, taxes and the creation of trash, as long as people are alive they're going to need water to survive. That puts a water utility name like American Water Works Company Inc (NYSE:AWK) in the catbird seat.Much like electricity providers Southern Company, American Water Works Company -- which offers water and sewer services to 15 million people in the United States -- is rarely told no when it wants to raise rates. Water service prices have risen at above-inflation rates for the past several years, and American Water Works Company has benefitted from that industry-wide trend. It's not apt to change anytime soon.Source: Shutterstock Colgate-Palmolive (CL)Dividend Yield: 2.50% Year-to-date gain: 16%Last but not least, while the purchase of things like cars are cyclical, and the automobile industry itself is subject to constant reinvention, there are some consumer goods people just buy over and over again without a second thought. Among those often-repurchased items are Colgate toothpaste, Palmolive dish soap, Speed Stick deodorant and Cuddly fabric conditioner.Yep, they're all made by Colgate-Palmolive Company (NYSE:CL), though they're only a small sampling of the brands you'll find under the company's umbrella. * 7 High-Risk Stocks With Big Potential Rewards Those who know the Colgate-Palmolive story well will know the company has gotten into some sloppy spending habits, crimping margins more than most shareholders would like. That's starting to change, however, with a serious and rather impressive cost-cutting initiative. The benefits of that work could last years, if not decades.As of this writing, James Brumley hold a long position in AT&T. You can follow him on Twitter, at @jbrumley.Compare Brokers The post 10 Best Stocks to Buy and Hold Forever appeared first on InvestorPlace.
Associated Press2 days ago
Correction: CBD Goes Mainstream story
NEW YORK (AP) — In a story April 15 about CBD, The Associated Press reported erroneously the parent company of Nine West. It is Authentic Brands Group, not Authentic Fitness.
Zacks2 days ago
Walmart (WMT) Outpaces Stock Market Gains: What You Should Know
Walmart (WMT) closed at $102.93 in the latest trading session, marking a +0.49% move from the prior day.
Motley Fool2 days ago
Walmart Wants to Host Your Baby Registry
The company has a new take on an old standby.
Market Realist2 days ago
NVIDIA’s Accelerated Computing Makes Real-Time Inference a Reality
Here Are Some Secrets behind NVIDIA's Success(Continued from Prior Part)NVIDIA’s AI inference opportunity NVIDIA (NVDA) is an accelerated computing platform company, and its end goal is to accelerate computing. It has accelerated computing in deep
Moody's2 days ago
WEI Sales LLC -- Moody's says Wells Enterprises' outlook is negative following FieldBrook acquisition
Moody's Investors Service ("Moody's") today assigned WEI Sales LLC ("WEI") a Corporate Family Rating (CFR) at Ba3, a Probability of Default Rating (PDR) at Ba3-PD, and a negative rating outlook. In addition, Moody's is correcting the issuer for the B1 rated term loan B to WEI Sales Inc. from Wells Enterprises, Inc. The final LGD assessment is being changed to LGD 5 from LGD 4.
American City Business Journals2 days ago
Walmart to upgrade South Florida stores for online orders
The world's largest retailer is renovating some of its South Florida stores to make it easier – and quicker – for online shoppers to pick up their orders. Walmart (NYSE: WMT) is leveraging some of its physical spaces to integrate with the increase in online sales. According to eMarketer.com, Walmart is the third largest online retailer behind Amazon.com and eBay.